Internet Of Things In Healthcare Market Size 2025-2029
The internet of things in healthcare market size is forecast to increase by USD 297.9 billion at a CAGR of 18.4% between 2024 and 2029.
- The Internet of Things (IoT) in healthcare is experiencing significant growth, driven by the increasing adoption of remote patient monitoring and advancements in healthcare technology. Remote patient monitoring enables real-time health data collection and analysis, improving patient care and reducing hospital readmissions. This trend is particularly relevant in the current healthcare landscape, where social distancing measures have accelerated the need for remote healthcare solutions. However, the IoT in healthcare market faces substantial challenges. Technological advancements, while beneficial, also bring increased threats to cybersecurity.
- Protecting sensitive patient data from cyber-attacks is a pressing concern for healthcare providers and insurers. Effective cybersecurity measures must be integrated into IoT devices and healthcare systems to ensure patient data privacy and security. Companies must address these challenges while capitalizing on the opportunities presented by remote patient monitoring and technological advancements to remain competitive in the evolving healthcare landscape. Advanced software and system solutions process and analyze vast amounts of data, providing valuable insights for healthcare professionals.
What will be the Size of the Internet Of Things In Healthcare Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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- The Internet of Things (IoT) is revolutionizing healthcare, enhancing affordability and efficiency through various applications. Medical imaging analytics leverage IoT for faster, more accurate diagnoses, while population health management systems use real-time data for proactive care. Medication reminder apps and personalized treatment plans improve patient adherence, contributing to value-based care. Clinical trial recruitment and genomic sequencing benefit from IoT's data collection capabilities, driving innovation in research. Public health surveillance and hospital bed management optimize resources, ensuring better patient outcomes. Digital health literacy and healthcare workforce development are fostered through IoT-enabled training programs. Patient portals, precision medicine diagnostics, and automated medical transcription streamline administrative tasks.
- Healthcare financing, biometric authentication, and healthcare policy are also influenced by IoT trends. Telehealth adoption and wearable device integration enable remote diagnostics and virtual reality therapy, expanding access to care. Global healthcare trends indicate continued growth in IoT applications, from home health automation and healthcare outcomes research to automated medication adherence and remote patient monitoring. Security remains a concern, necessitating robust data protection measures.
How is this Internet of Things In Healthcare Industry segmented?
The Internet of Things in healthcare industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
- Type
- Medical devices
- Software and system application
- Connecting technologies
- Application
- Telemedicine
- Patient monitoring
- Clinical operation and workflow management
- Others
- End-user
- Hospitals and clinics
- Pharmaceutical and biotechnology companies
- Government and defence institutions
- Clinical research organizations
- Others
- Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- APAC
- China
- India
- Japan
- South America
- Brazil
- Rest of World (ROW)
- North America
By Type Insights
The medical devices segment is estimated to witness significant growth during the forecast period. The Internet of Things (IoT) is revolutionizing healthcare through advanced technologies such as machine learning algorithms and predictive analytics, enhancing healthcare quality and accessibility. IoT enables smart home healthcare, allowing remote patient monitoring, HIPAA compliance, and data visualization. Mental health monitoring is improved with digital health solutions, while precision medicine and telemedicine platforms offer personalized healthcare and clinical decision support. Network infrastructure and healthcare IT support the integration of medical devices and hospital automation, ensuring healthcare interoperability and medication management. IoT-enabled devices, including body sensor networks and medical imaging, collect and analyze data for diagnostic testing and clinical trials.
Elderly care and chronic disease management benefit from IoT, reducing healthcare costs and improving patient engagement. Data storage and wireless communication protocols ensure secure data transfer and cloud computing for efficient data analytics. Wearable health sensors, such as vital sign monitors, sleep and activity monitors, neuromonitoring devices, ECG monitors, and fetal and obstetric monitoring devices, are essential components of IoT-enabled healthcare. Diagnostic wearable medical devices are used for sports and fitness, remote monitoring, and home healthcare applications. IoT is transforming healthcare, making it more efficient, personalized, and accessible to all.
The Medical devices segment was valued at USD 65.40 billion in 2019 and showed a gradual increase during the forecast period.
The Internet of Things (IoT) in healthcare market is transforming patient care through patient portal integration, enabling seamless communication and accessibility. Ensuring health data security is paramount, safeguarding sensitive patient information against cyber threats. Patient-reported outcomes enhance treatment personalization, allowing healthcare providers to tailor interventions effectively. Innovations like augmented reality surgery revolutionize precision and efficiency in medical procedures, pushing technological boundaries. Growing healthcare consumerism shifts focus towards patient-centric solutions, offering convenience and transparency. Despite advancements, challenges in healthcare affordability persist, prompting industry leaders to optimize costs while maintaining quality.
Regional Analysis
North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The Internet of Things (IoT) market in healthcare in the US is experiencing significant growth due to the integration of advanced technologies such as machine learning algorithms, predictive analytics, and artificial intelligence (AI) in healthcare delivery. IoT devices are revolutionizing healthcare quality by enabling remote patient monitoring, mental health monitoring, and chronic disease management. Smart home healthcare and digital health solutions are gaining popularity for their convenience and accessibility. Healthcare hardware, including wearable health sensors and medical imaging systems, are being integrated with healthcare software to provide personalized healthcare and clinical decision support. Telemedicine platforms and mobile health apps are transforming healthcare accessibility, especially in rural areas.
Network infrastructure and healthcare IT are essential for the seamless integration of these technologies, ensuring healthcare interoperability and data storage. The US healthcare sector's high expenditure and the government's initiatives, such as the Affordable Care Act and Health Information Technology for Economic and Clinical Health (HITECH) Act, are driving the adoption of IoT devices. These acts provide incentives for healthcare providers and facilities to use electronic medical records (EMRs), workforce training, and EMR infrastructure improvements. IoT devices are also being used in elderly care and diagnostic testing to improve patient engagement and healthcare outcomes. The integration of IoT devices in healthcare is also facilitating precision medicine and clinical trials, reducing healthcare costs, and improving medication management.
Data visualization and data analytics are essential for healthcare professionals to make informed decisions, and interoperability standards ensure the seamless exchange of data between different systems. Wireless communication protocols and cloud computing are enabling real-time data transfer and analysis, transforming the healthcare industry.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the Internet of Things In Healthcare market drivers leading to the rise in the adoption of Industry?
- The significant growth driver in the market is the increasing implementation of remote patient monitoring solutions. This trend is driven by the need for efficient and continuous healthcare delivery, enhanced patient outcomes, and cost savings. Remote patient monitoring enables healthcare providers to closely monitor patients in real-time, from a distance, and intervene early in case of any adverse conditions. This approach not only improves patient care but also reduces the burden on hospitals and clinics, making healthcare more accessible and affordable. The Internet of Things (IoT) is revolutionizing healthcare accessibility by enabling remote patient care and personalized healthcare solutions. Telemedicine platforms, powered by IoT, allow healthcare professionals to connect with patients in real-time, providing prescription assistance, medication management, and biometric monitoring through sensors and remote equipment.
- IoT network infrastructure and healthcare IT solutions facilitate seamless data exchange and integration, enhancing the overall efficiency and effectiveness of healthcare services. Mobile health apps, an integral part of IoT healthcare, offer convenience and flexibility to patients, enabling them to manage their health from anywhere. The integration of IoT in healthcare innovation is transforming the industry, offering personalized, efficient, and accessible healthcare solutions. Wearable and portable devices updated on the cloud provide healthcare providers with real-time patient data, enabling proactive intervention and timely care. Smart devices installed in patients' homes can monitor their well-being and alert healthcare professionals when necessary. Clinical decision support systems, fueled by artificial intelligence (AI) and healthcare software, analyze patient data to provide healthcare professionals with insights and recommendations.
What are the Internet of Things In Healthcare market trends shaping the Industry?
- The healthcare sector is experiencing significant technological advancements, which has become a prominent market trend. Innovations in healthcare technology continue to shape the industry and improve patient care. The Internet of Things (IoT) market in healthcare is experiencing significant growth due to the integration of medical devices, hospital automation, and advanced technologies such as AI and robotics. IoT devices enable real-time data capture and analysis, which is crucial for applications like chronic disease management, elderly care, and diagnostic testing.
- IoT devices contribute to enhancing patient engagement, improving healthcare workforce efficiency, and reducing healthcare costs by enabling remote monitoring and timely interventions. Overall, the IoT market in healthcare is transforming the industry by providing actionable insights and improving patient outcomes. Wearable, ingestible, and embedded sensors collect data on user habits, mobility patterns, and device usage, which can be analyzed using AI and ML/DL approaches to identify critical conditions. The healthcare industry's increasing focus on Cloud, Fog, and Edge computing is driving the demand for IoT devices to process, analyze, and correlate data for inference.
How does Internet of Things In Healthcare market face challenges during its growth?
- The escalating risks to cybersecurity pose a significant challenge to the industry's growth trajectory. Companies must prioritize robust cybersecurity measures to mitigate potential threats and ensure business continuity. The Internet of Things (IoT) in healthcare is revolutionizing the industry by enabling interoperability between various healthcare systems, facilitating biometric monitoring, and improving medication management. IoT devices, such as wearable health sensors, utilize wireless communication protocols for data transmission and rely on cloud computing for data storage and analysis. This results in real-time access to critical patient data, enabling healthcare providers to make informed decisions and deliver personalized care. However, the integration of IoT in healthcare also introduces new challenges, particularly in the realm of cybersecurity. With the increasing use of IoT devices, there is a heightened risk of cyber threats, including malware attacks and data sabotage.
- While anti-malware programs offer some protection, they may not be sufficient against sophisticated hackers. Some industry experts suggest implementing cloud-based cybersecurity solutions, but even these are not foolproof. Despite these challenges, the benefits of IoT in healthcare far outweigh the risks. IoT-enabled healthcare systems offer interoperability standards, data analytics, and medical imaging capabilities, leading to improved patient outcomes and enhanced operational efficiency. As the healthcare industry continues to embrace IoT technologies, it is crucial to prioritize cybersecurity measures and adhere to industry best practices to mitigate risks and ensure data privacy and security.
Exclusive Customer Landscape
The Internet of Things in healthcare market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the Internet of Things in healthcare market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, internet of things in healthcare market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Alphabet Inc. - The company specializes in the Internet of Things (IoT) within the healthcare sector, leveraging solutions such as Google Cloud Healthcare Data Engine to enhance efficiency and data management.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Aeris Communications Inc.
- Alphabet Inc.
- Amazon.com Inc.
- AT and T Inc.
- Cisco Systems Inc.
- Furukawa Electric Co. Ltd.
- General Electric Co.
- Hewlett Packard Enterprise Co.
- Honeywell International Inc.
- Intel Corp.
- International Business Machines Corp.
- Koninklijke Philips NV
- Microsoft Corp.
- Oracle Corp.
- PTC Inc.
- Robert Bosch GmbH
- SAP SE
- Siemens AG
- Thales Group
- Wipro Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Internet Of Things In Healthcare Market
- In February 2024, Medtronic, a leading medical technology company, announced the FDA approval of its new remote patient monitoring system, Clarity therapeutic remote monitoring, which utilizes IoT technology to improve heart failure management (Medtronic Press Release, 2024). This system enables real-time data collection and analysis, enabling earlier intervention and improved patient outcomes.
- In May 2024, IBM and Samsung Electronics formed a strategic partnership to develop IoT solutions for healthcare, focusing on data analytics and AI-powered diagnostics (IBM Press Release, 2024). This collaboration aims to enhance patient care and streamline healthcare operations through advanced data analysis and personalized treatment plans.
- In October 2024, Philips secured a significant investment of USD1.2 billion from the Singaporean sovereign wealth fund, GIC, to expand its IoT-enabled health technology solutions globally (Reuters, 2024). This investment will support the development and deployment of smart health solutions, including telehealth services and remote patient monitoring systems.
- In January 2025, the FDA issued new guidelines for IoT medical devices, emphasizing data security and interoperability (FDA, 2025). These guidelines aim to ensure patient safety and data privacy while promoting innovation and collaboration within the healthcare IoT market. These developments demonstrate the growing importance of IoT technology in healthcare, with a focus on improving patient outcomes, enhancing data analysis, and expanding global reach.
Research Analyst Overview
The Internet of Things (IoT) in healthcare is an ever-evolving market, characterized by continuous innovation and dynamic applications across various sectors. Medical device integration and hospital automation are key areas where IoT is making a significant impact, streamlining processes and enhancing efficiency. Healthcare standards play a crucial role in ensuring seamless integration and interoperability, enabling data sharing between different systems and devices. Elderly care and chronic disease management are two sectors experiencing a rise in IoT adoption. Wearable health sensors and body sensor networks facilitate remote patient monitoring, enabling real-time data collection and analysis. This data-driven approach leads to improved patient outcomes and reduced healthcare costs.
The healthcare workforce is also benefiting from IoT, with clinical decision support systems and telemedicine platforms enhancing diagnostic accuracy and accessibility. Digital health and precision medicine are further areas of growth, with AI and machine learning algorithms driving predictive analytics and data visualization. Diagnostic testing is another sector undergoing transformation, with IoT-enabled devices and platforms offering faster, more accurate results. IoT is also revolutionizing mental health monitoring, providing new avenues for early intervention and personalized care. Healthcare costs are a major concern, and IoT is offering solutions through data analytics and medication management. Network infrastructure, healthcare IT, and healthcare dashboards are essential components of this ecosystem, ensuring secure and efficient data storage and communication.
Patient engagement is a critical aspect of healthcare delivery, and IoT is facilitating new ways to engage patients in their care. Biometric monitoring, interoperability standards, and wireless communication protocols are key enablers of this trend. In summary, the IoT in healthcare market is characterized by continuous innovation and dynamic applications across various sectors. From medical device integration and hospital automation to elderly care, chronic disease management, and patient engagement, IoT is transforming healthcare delivery and improving patient outcomes.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Internet Of Things In Healthcare Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
245 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 18.4% |
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Market growth 2025-2029 |
USD 297.9 billion |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
15.8 |
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Key countries |
US, Canada, Germany, UK, China, France, India, Mexico, Brazil, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What are the Key Data Covered in this Internet Of Things In Healthcare Market Research and Growth Report?
- CAGR of the Internet Of Things In Healthcare industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2025 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
- Thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the internet of things in healthcare market growth of industry companies
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